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Bank failure · SD

St. Onge State Bank (St. Onge, SD) — failed April 30, 1937

St. Onge State Bank of St. Onge, South Dakota was closed on April 30, 1937 and resolved through a payout (deposit payoff). 0 (0) took over its insured deposits. At failure it held $81K in assets and $61K in deposits.

Closing date
April 30, 1937
Resolution
Payout (deposit payoff) (failure)
Acquiring institution
0
Insurance fund
FDIC

Other failures in 1937

What happens when a bank fails